Relevant and even prescient commentary on news, politics and the economy.

Next stop for private equity—your Social Security?

I’m certainly not paranoid and I’m no fan of conspiracy theories. But scheerpost.com makes a compelling case for the fear that the Trump Administration is opening the door to a private equity takeover of Social Security. They’ve certainly recruited the team to do it. “Again, per Bloomberg, private equity has just gained a “beachhead” in […]

DOGE is coming after our food supply

Lots of the food on your grocery shelves is imported. It has to be inspected, both for safety and to prevent the importation of agricultural pests that could destroy domestically grown crops. Fire the inspectors and you put everyone’s food future at risk. ““It’s causing problems left and right,” says one current USDA worker, who […]

Why does the GOP hate mRNA vaccines?

“The mRNA technology faces growing doubts among Republicans, including people around President Donald Trump. “Legislation aimed to ban or limit mRNA vaccines was introduced this year by GOP lawmakers in at least seven states. In some cases, the measures would hit doctors who give the injections with criminal penalties, fines, and possible revocation of their […]

You and what army?

“The Trump administration denied on Sunday that it had violated a court order by deporting hundreds of Venezuelan immigrants to a prison in El Salvador over the weekend, saying that the president had broad powers to quickly expel them under an 18th-century law meant for wartime. “The White House press secretary, Karoline Leavitt, also asserted […]

Taxes are for the little people

From an article in the NY Review of Books: “ . . . the 94 percent marginal tax rate [Reagan] was theoretically subject to an income above $200,000, though in reality Reagan, like other actors, was able to pay a 25 percent capital gains rate by receiving his earnings form “temporary corporations” set up for […]

Lying about Social Security

President Musk recently called Social Security a “Ponzi Scheme.” He’s hardly the first to repeat this lie, but he and his mini-me’s in DOGE have painted a target on Social Security. I’m sorry it’s necessary to explain this again, but we are being lied to. Here are the facts about Social Security. • No, it’s […]

The Trump fascist takeover proceeds

“We’re in the midst of an authoritarian takeover of the U.S. government. It’s been coming and coming, and not everybody is prepared to read it that way. The characters regarded as people to emulate, like Orban and Putin and so on, all indicate that the strategy is to create an illiberal democracy or an authoritarian […]

Kevin Drum and the lead-crime connection

My favorite blogger, Kevin Drum, died recently from multiple myeloma. I started following Kevin when he blogged as “calpundit,” and through all his various iterations. I found his comments thoughtful, often provocative and grounded in data and evidence. One of the most remarkable stories that Kevin blogged about was the connection between leaded gasoline and […]

State of emergency

Apparently, Sen. Kirsten Gillibrand (D-NY) warned her colleagues to pass the CR or else: “He will declare a state of emergency,” the senator told her colleagues, seemingly referring to a potential action President Trump might take if Congress does not pass a spending bill before the government runs out of funding midnight Friday.” LOL! “potential”? […]

Trump administration backtracks on Guantánamo

Yes, it’s temporary, but it’s something. Resistance can work. “With a key hearing before a federal judge looming that could stop or slow the Trump administration’s transfer of more migrants to Guantánamo Bay, migrants the administration has already sent to Cuba have now been quietly returned to the United States, according to The Washington Post. […]